China will step up monetary and credit support to enterprises helping its fight against the deadly new coronavirus, the central bank said Saturday, as the disease threatens to further dent a slowing economy.

The government will provide support to key enterprises, urging financial institutions to provide "sufficient credit resources" to hospitals and other medical organisations, the People's Bank of China (PBOC) said in a statement.

This is to help with their financial needs in areas ranging from buying medical supplies to building public health infrastructure.

The PBOC added it will "maintain reasonable and sufficient liquidity", using policy tools such as open market operations to release sufficient liquidity into the financial market.

It added there should be differentiated financial services provided to regions and industries hit by the virus epidemic.

It called on financial institutions to avoid "blindly" cutting off loans from industries such as wholesale and retail, as well as small and micro enterprises.

Key sectors such as manufacturing will also see better credit support, it added.

"Financial institutions should ... continue to increase support for small and micro enterprises, as well as private enterprises," said the PBOC.